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'm not going to do both for you. lou: here is a thought. that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for sequestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spending cuts as an increase in taxes that way it's the best deal, and it's also oriented toward the republicans favored. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he wants serious negotiations that will sit
with this obama white house. lou: and are you and i in agreement that the republicans are not in nearly sufficiently strong position, not with the lack of talent, there are some questions about that, but because of the lack f power of the leaders in the house and the role of the house in this negotiation. >> i am not prepared to ay that. i go up to the capitol every week and meet with the republican leaders and listen to them as they talked very openly about what their views are and what they're trying to get done. and i can tell you that they are a lot stronger than they have been presented by the conservative media. the interesting thing about the speaker is to make you look carefully at his proposals, he is never implying that he would increase tax rates. and yet the mentioned the breitbart comments. and that is really not accurate. lou: you know, as a former -- as a distinguished chairman of the house ways and means committee i think you and i would agree, revenue will be taxed, whether it is eliminating loopholes, whether it is eliminating special treatment, or whether it is rais
that going with the obama plan was an interesting tactic. you must let the congressman a great deal because, as you know, the white house has seized upon that. they're going to continue the assault. the fact of the matter is, we are now moving ahead. in this discussion if you don't acknowledge that the speaker said revenue, i eat tax hikes are on the table, and i don't care whether you call them loopholes, tax expenditures, you name it. it means, as you know better than nearly anyone, higher taxes . >> okay. two things. one, i was asked today in an interview, politico, what about kohl's proposal? it was introduced to me for the first time. i said to my it sounds like an interesting tactic. awesome the normally want a tax increase. on masterwork. evidently later today the speaker made it very clear that there will be no more freelancing on this. and so i think we will see that again. i was not endorsing it. what do you think of something about which you don't know anything, that's interesting. so, no, that is not -- lou: that was an ambassador rice moment, was it not? >> well, yes me what i
program. i'll give you my taken president obama promised a ban lobbyists from the white house. is crony capitalism only seems to be getting worse. all breakdown how he's upping his friends and costing taxpayers next gerri: electric cars. remember the dream? as the president's dream. listen to this. >> we can break our dependence on oil with biofuels and become the first country to have on million electric vehicles on the road by 2015. gerri: a million electra cars in the road. save the planet, save the gas. wait. somebody forgot to tell consumers. despite the tax credits, $7,500 to buy these models, just 18,000, just 18,000 were sold in 2011. we will have a million green cars on the road by 2067 or 55 years from now. incredible. where did we go wrong? it's easy. government got involved. but no good at picking what technologies regular americans are going to glom onto. the department of energy create amazons of the people was a guest driving to the mall? no. did the post office and vince skype so people could get in touch more inexpensively? no, they did not. breakthrough products were i
. ♪ lou: the white house today said president obama i not particularly concerned whether sun rice misled americans on the attack. press secretary fired back when asked whether the president recognizes t way information about benghazi has been handled and whether that rais serious questions. >> not particularly concerned about whether the ambassador or i went out and talk abt the fact we believe extremists might have been irresponsible and whether we named them as terrorists or not does not -- no, it does not have any bearing on what happened and who is reeponsible as that investigation was continuing in benghazi. lou: you ve to give this white house credit, i must say. i won't go into but we have to give them credit for, but ambassador susan rice failing to ease criticism again following meetings with senator susan collins and bob corker. joining us now, pulitzer prize-winning journalist, fox is contributor, a former pentagon official, fox his national security analyst. let's start with eight leading republican moderate, disappointed in ambassador rise performance in her meeting along wi
the republican author of tax revenue increases. president obama, maintaining a highly believable effort of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiratin on december 31, te consequences would simply be devasting. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. e very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds himself not in a negotiation, but rather competing in the white house media campaign. this is how speaker boehner reacted earlier today to the demands of the white house that were laid out by timothy geithner in a closed-door meeting. the treasury secretary reiterating the president's call for $1.6 trillion in new tax revenue and timothy geithner rrently offering nothin
green with the fox news minute. white house reporting president obama will take questions on twitter at 2 p.m. eastern time, about the fiscal cliff all part of the white house's my2k twitter campaign w-9 president drumming up support for taxes on the rich. george hw bush in stabbe condition after receiving stream for a bronchitis-related cough. the 88-year-old has been in the hospital for a week receiving treatment visited by several of his children including former president george w. bush. the royal family getting a new member. the st. james' palace saying they are expecting a baby. the queen and members of the both pams are delighted with the news. the duchess is in the very early stages of pregnancy. those are the head lines. >> oh, that's fun. a royal baby. >> yes, thank you, lauren greern. >> sure. >> to charlie, the president must want fat cats to support the plan to end the fiscal cliff impasse. we have the behind the scene meetings between the executives. >> caught a lot of people by surprise. it was last week where deputy secretary of state, tom nides, went to the city, hel
makes a terrible mistake by using chemical weapons on their own people. lou: neither the white house or pentagon elaborating on what the cons -- consequences would be, but having russia back them would be a determined outcome made by the promise of president obama in dealing with russia after winning a second term as he remarked to the russian president thinking they were off microphone as they met in south korea back in march. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease protesters who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in washington institute fellow eric trager, and president obama back on the campaign trail continuing to successfully dress up his ultimatum on higher taxes as a republican decision rather t
in the white house with more. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of spite for any kind of partisan victory. but rather because we need to raise a certain amount of revenue. >> an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on wasteful spending in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you.
the obama administration's singular and immediate focus on the anti-islam video? >> why did you just focus on that part for so long rather thansay, look, it's not a black and white issue. >> one of the motivations may very well be either the video, the response to the video in cairo, and, certainly, that's not ruled out. >> fox news has confirmed the decision to shut down the cia annex was made in the early morning hours of septemr 12th after it took indirect fire, and while the annex was cleared of classified material and equipment in less than ten hours, the consulate less than a mileway has never been secured, lou. lou: we hear very little about who made the decision not to respd with military, para-military forces to support, and perhaps save, four americans who were killed in the attacks. >> well, here privately on capital hill from lawmakers, they wondered if the president meant there were not the assets available in the mediterranean to respond quickly. what we're seeing in the next few weeks, soon with open hearings the public can watch on capital hill, is refocusing on this -- thi
: president obama is leaving the white house heading to pennsylvania speaking at a plastics factory near the adelphia pitching his plan to raise taxes on a ridge. markets rose earlier this week when a compromise in the fiscal cliff debate seemed possible and the president made his first offer. i am calling it totally unrealistic slack in the face, dow industrials are up but only nine points higher. we have a report on manufacturing, the chicago p.m. eyes slightly better than last month. verysign licenses internet domain vain did it means, if i wanted to go stuart varney.com, go through them, but puts limits on how much they can charge. that is why stock is down 15%. back in 90 seconds. we are going to see illinois and the pension pipe. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find ou
: breaking news, the white house reports that president obama will take questions on twitter at 2 p.m. eastern about the fiscal cliff. all part of the white house my2k campaign with the president drumming up support for higher taxes on the rich. dennis: that will be a fair and balanced asourcement of questions. our parent company, parent corp., details on splitsville, editor and chief of the "wall street journal" is ceo of the print spinoff taking the news corp. name. the video film television properties is fox group and the daily, launched by news corp. last year as the first ipad only newspaper, one of them anyway, closing, rest in peace. ad spending is the canary in the coal mine taking a hit, three ad agency giants reducing forecasts for next year. 4.5%. more sluggish 4.1%, and worldwide, interpublic, most bearish, in half to 3.1% next year, and there's this, the 86-year-old icon of playboy getting hitched on new year's eve to crystal harris who is six decades younger, she's 26. now, that's just wrong unless you're hugh hefner. tracy: she didn't show last time. the second engage
on this, although it seems like we don't. the two sides, though, fair hi fair apart. the white house proposal on the table, boehner call it a joke. the white house called it magii beans and ferry dust. president obama in the negotiation drew a line he had yet to draw. >> we're going to have to sew the rates on the 2% go up. we're not going to be able to get deal without it. >> been no deals of this mag magnitude made in congress and forced on reluctant president. i hope the president would turn off the campaign, congratulations, you had a great victory, and let's get serious about dealing with this deficit and debt here at the end of the year. >> back to the president's comments. he had yet before to explicitly say rates had to go up on those earning $250,000 or more. that was the white house position. that is their condition now for a deal. it's in the face of what republicans want saying no rate increases; however, a little wiggle room, and the president didn't rule out a smaller rate increase than he's calling for could be a part of a final product if they get to that stage. liz
-- stuart: judge, hold on a second. i'm sorry. speaker boehner is about to respond to president obama's demand that we raise tax rates. listen in, please. >> and it's exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago, and for that matter in the joint select committee. and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress and a plan that can pass both chambers of congress. if you look at the plans that the white house has talked about thus far, they couldn't pass either house of the congress. we're ready and eager to talk to the president and to work with him, to make sure that the american people aren't disadvantaged by what's happening here in washington. >> good morning. you know, i think at this point pretty much most folks in the country and certainly in this town know where both sides are on taxes. i think we understand that. but to the speaker's point, we have not had any discussion and any specifics with this president about the real pro
because obama clearly sees that he has a mandate out of the election on fiscal cliff issues. even though it wasn't a huge issue in the debate the white house is behaving like it has that mandate. what you have been seeing is republicans showing signs of flexibility and i am not just talking john boehner saying revenue is on the table. we have republican senators saying they will stand up to the grover norquist tax pledge. they're willing to break it which is pretty big news. we also have the influential member of congress, republican tom cole saying we have got to agree to extend the tax cut just for those people making $250,000 and below and letting the more wealthy be taxed. definitely flexibility but what you see from democrats is an unwillingness to do serious entitlement reform that would lead to reductions in spending. they want to kick the can down the road and do more of the next year with the vague promises. dennis: the think republicans will be willing to agree upfront to more tax revenue or higher tax rates as we go without a firm cap on entitlement reform? >> that is the big
if y act right now. ca the number on your screen now! connell: breaking news from the white house. the governors are just finishing their meeting with president obama. let's listen to a bit of it live. >> we will be included to give our advice, opinion upon public our budget.how it will affect we also have ideas how we can save money. how we could be able to create more efficiencies and government and spending with some different demonstrations we have done in our very states. we plan on giving back with some of our suggestions and ideas. we appreciate their time today. statement we are not saying it to beat this plan or the plan. what we all agree on is something needs to get done. taxes on so many nano class americans can go off at the beginning of the yeaa if something is not done. with that, we would be happy to take some questions. >> with a be put off on discussion? did you encourage the president's tax plan to go off? >> we are not backing one particular plan or another. like i said a moment ago. none of us want to see taxes on middle-class folks go out. we think it would h
great to have you. all right. magic beans and very dust. talking about politics. that is of the white house is leveling the republican counteroffer to avert the fiscal cliff. president obama try this and saying there is no deal without tax hikes on the ridge. with more on this, republican congresswoman dianne black of tennessee. welcome to the show. great to have you. i have to ask you about this story that has been breaking this afternoon. apparently the president will meet with what they're calling progressive talk-show hosts. i think this is a lot of talent. it will parade through the white house. the president will sit down with them. are you getting the sense here that maybe the president is meeting with a few too many people? should we jjst get the job on the fiscal cliff? >> i could not agree more. i felt very discouraged. the president this been more time campaigning that he did of the beginning of his campaign. we need to have serious negotiations. we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with our lead
over the fiscal cliff, instead congress and the white house, this one happening on twitter. melissa: dennis kneale is covering the story with the latest. i love this one. >> the obama administration renowned for the use of social networks but this time maybe it outdid itself. the president urging americans to tweet their support for using the hash tag mo farah, as in my $2000, raised taxes on somebody else. now my2k has become a way to trash obama and cheering at the democrats. they been acquired sponsorship rights for my2k, they often see paid messages opposing the obama tax hikes. they run the gamut. some talk about the sudden switch to now playing up keeping tax cuts for everyone else. others make fun of my2k origins. a few samples. obama irony, same people who claimed bush tax cuts are only for the rich now argue to keep them because they help the poor. and there is this one. my2k should really be somebody else's two k. they can government not to take their money and say take it from someone else. and then there is this one, y2k was caught by programmers failing to limit code 24
split right down the metal on the political ppll on how they want obama to cut the deficit. 41 percent responded in favor of spending cuts. 41 percent of respondents saying they favor tax increases. the white house says it will offer a counterproposal to house speaker proposal. saying that unless he accepts tax increases on the rich the president is willing to go over the cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failure to resolve the issues. joining as, former special assistant to president george w. bush, a veteran political consultants and republican pollster. let's start, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the president is very ready because they are reading into this election last month a mandate that i simply don't see. the president got 15 million americans to vote against him which fail to produce any type of meaningful budget in his democratic controlled senate. we are at the disco club because of the president's inability to ever a si
to remain the status quo instead of change unemployment? some took that to read, a put-down of barack obama. >> well, what i mean is this. we just spent 2 dal billion on an election and nothing changed. same congress. same senate. same white house. neil: true. >> now, in recovery terms when they say doing the same thing over and over and over and expecting a difference is the definition of insanity. do we think things are going to change? well they won't unless people change because we've got the exact same system in place right now. and so we've got to go back to say, what's the people angle on this? why is there a so much partisanship that we can't even come to a deal for the common good? neil: but in that case it seemed like you were saying, i saw where you're coming from, if you're jobless today and you don't like being jobless today, and why would you continue with the guy who has been leading the economy that has produced you being jobless today? >> i think there is a myth that the government creates jobs. entrepreneurs create jobs. the, you know, let me give a global perspective on t
. on "money" we discuss the some ceos formally spoke out against president obama's policies after the election doing about face and backing him. tastid-light founder, and white castle and fast signs ceo join me on 5:00 eastern on fox business. lori: thompson, thanks. is the stock market pricing in a tumble over the fiscal cliff? losh abet senior economist and market strategist milton miss rought at this breaks it down with tracy and ash. stick around >> gold bars i suppose. >> i would be buying gold bars and real estate. >> under the mattress. >> let it all go. ashley: nothing wrong with those. not at all. >> and on that note --, take it away. ashley: thank you, ladies. as lori just said, drifting along. market up by 11 points. good afternoon, i'm ashley webster. tracy: i'm tracy byrnes. political theater over the fiscal cliff. how a senate battle over the presidential power around the debt ceiling could shape the cliff talks going forward. ashley: apple shares up today, but still down more than 20% from the all-time high less than three months ago. now is the time to buy. is there more downsi
's talking to congressional leaders about the fiscal cliff? tim geithner. obama goes on the road, look at that video. tim geithner arriving at the white house. capitol hill, dow industrials up 63 points in the early going this there's a morning. recovering investment banker carol roth is here, charles payne is here and nicole petallides on the floor. she looks really angry, on the floor of the stock exchange. new at 10:00, is the mortgage deduction on the table in the fiscal cliff talks, the answer is yes. >> at this point everything is on the table. the challenges you have to question where the limit is. do we want people to the grandfathered in, you don't want anyone to get a new mortgage, we have ridiculously low interest rates, stocks in terms of prices, we don't need it to the grandfathered and the table for the future. stuart: i don't believe anyone is saying abolish the mortgage interest deduction. and a certain amount year is what they were saying. and the interest on it is -- they lower that. charles: there are some people that are derivative. stuart: there is no prayer of tha
congressional leaders and the white house to add vert the fiscal cliff scheduled for tomorrow, but, guess what? the president will not be attending it, secretary tim geithner will. regardless of the -show tomorrow, president obama is hopeful to get a deal done by christmas, not inspiring confidence for pushing small businesses as key democrati leaders refuse to put entitlements on the table. for more on all of this, republican congressman langford of oklahoma. congressman, welcome back, always great to have youere. >> thank y very much. gerri: president with strong words for congress. here's what he had to say. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next wreer. right now, as we speak, coness can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the sen
and president obama and john boehner spoke on the phone days after republicans offered a hundred billion dollars of tax revenue. republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over the fiscal click? john brown of euro pacific capital is with us and former adviser to british prime minister margaret thatcher and he joins us with his take. thanks for being with us. do you think we are going over the cliff? >> cliff of sorts. the fiscal cliff was created by politicians who lack the courage to do the best for the american people. and already has done severe damage to the economy. now we have democrats who want to suck money out of the economy in tax and we have rhino republicans in name only who wants spending cuts. both those things will do damag% to the economy and any compromise will damage the economy and push it further into deep recession. neither side discusses the real problem which is the enormous costs of big government. cost in money and regulations and intrusion. neither side discusses that because the
. president obama meeting with governors on both sides of the aisle as d.c. struggles to get a fiscal cliff deal done in time. definitely the clock is ticking. rich edson joins us from the white house with the very latest with the governors meeting today, rich. >> right. with the governors meeting a number of democrats and republicans emerged from the west wing saying they pressed the president to get a deal done. they say they didn't endorse or reject either of the proposals on the table but still washington continues to muddle through this. the democrats have a proposal on the table. the republicans say it is not serious. republicans have a proposal on the table. democrats say it is not serious. now a new line in the sand from president obama, this from an interview with bloomberg tv a short while ago saying we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. the president hadn't gone there before. perhaps there was perhaps a wiggle room following thought. still there is no line in the sand how much rates have to go up. the whi
Search Results 0 to 35 of about 36 (some duplicates have been removed)